SALZGITTER STEEL RDI

Promoter – Financial Intermediary

SALZGITTER AG

Location

• Germany

Description

The project covers the promoter's RDI and digital transformation expenditures of its iron and steelmaking and its beverage filling and packaging equipment businesses for the years 2018-2021.

Objectives

The project covers the promoter's RDI related operational and capital expenditures of its iron and steelmaking and its beverage filling and packaging equipment businesses. The RDI activities will contribute to increase the promoter's technological know-how in the related fields and strengthen its competitiveness.

Sector(s)

• Industry - Manufacturing

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 331 million

Environmental aspects

The project concerns RDI expenditures to be carried out in existing industrial facilities already authorized for such purpose and are therefore not expected to require an EIA under Directive 2014/52/EU amending the Directive 2011/92/EU.

Procurement

The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2014/24/EU), then the Bank would require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (2014/24/EU, where applicable, as well as Directive 92/13/EEC), as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 28/11/2019